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CIB F&BM Asia Pacific Equities Business Manager - Executive Director - Hong Kong

Job Description

Equities F&BM is seeking an ED level Business Manager, based in Hong Kong, who would support the Asia Equities business from an end to end perspective. The role will support the head of this business and his directs and reports both into the Global Equities Senior Business Manager, Guy Halamish in London, and locally to Peter Corea, Asia CFO.
As an integral part of the senior management team for the Asia Equities business, the BM's major responsibilities are:
Responsibilities include:
  • Drive strategy and growth:
    • Act as trusted advisor and counterweight to Business Head and his management team. Provide management assistance by convening business reviews and management meetings
    • Establish business strategy and priorities (in conjunction with Business Head)
    • Develop business cases for the commitment of resources
    • Ensure delivery of business initiatives and projects – provide overall governance across multiple initiatives
    • Align front office teams and support groups (Fin, Tech, Ops, Legal, HR) to business priorities
    • Ensure business strategy considers market structure and regulatory changes
    • Drive competitive analysis and reporting (in conjunction with central team)
    • Communicate business trends, strategy, performance and priorities
    • Focus on regional and cross-business partnerships, plus industry partnerships / consortia
    • Contribute to strategic initiatives by supporting regional, cross-business and industrial partnerships; support strategic acquisitions and/or investment analysis
  • Manage business risks:
    • Identify, assess and mitigate business risks that could impair the ability to do business across the multiple countries the franchise spans:
      • Specific & immediate threats (e.g. regulatory violations, tax law changes, ability to handle credit events, operational and technology capacity issues, extraordinary transaction costs)
      • Compounded problems (e.g. under-investment in product workflow across several support areas)
      • Underlying risks (e.g. fraud, new competitive forces, market failure, commitment-related/underwriting risks)
      • Risks within new product build out (Coordinate New Business Initiative Approval process acting as facilitator across all disciplines)
      • Full understanding of booking model and trade flows and associated governance oversight and controls
      • Key person dependencies across the end-to-end business
      • Ensure that effective business continuity plans exist
      • Oversight that an effective control environment exists, which satisfies corporate ‘best practice’ and meets both internal and external control standards
      • Ensure that market, credit, operational and reputational risks are monitored and mitigating controls are in place
      • Ensure compliance with all related legal and tax matters among different offices and jurisdictions for the business worldwide
  • Optimize business performance and planning:
    • Drive business, financial, technology and operational planning to achieve business priorities.  Ensure optimal resource budgeting and allocation.
    • Ensure alignment of direct and indirect expense allocations with the current business environment
    • Drive key initiatives to optimize bottom line business performance (efficiency, profitability, expense and overhead management, balance sheet/RWA and treasury funding, capital utilization)
    • Oversee investment/productivity initiatives across the end-to-end business to achieve multi-year targets
    • Represent business to internal and external Auditors
    • Lead annual business budget process (in conjunction with Planning and Analysis team)
    • Own market share, market wallet, talent identification and competitor analysis (leverage external surveys like Coalition, McLagan) as well as network market search firms
    • Lead client analysis and account planning
    • Oversight for real estate needs and space planning
  • Market Structure:
    • Driving compliance with regulatory change (Dodd Frank, Volker rule, Basel III, LCR)
    • Able to represent the Equities business to regulators (HKMA, SFC, OCC)
    • Membership and participation on the ASIFMA Equities committee
    • Understanding of the new hotspots in terms of regulatory development (short sell requirements by market, DMA/Algo controls and principles, dark/lit pools, crossing engines and co-location, mandatory OTC clearing, new trading venues/MTFs, increasing local onshore oversight, outsourcing and offshoring, give-ups/give-ins, contracting capacity, information protection, information segregation (MNPI and effective Chinese walls) and access controls to name a few)
    • Asia legal entity strategy and future booking model
  • Business / Product coverage
    • Oversight, ownership and responsibility in HK for all business desks: Cash equities trading, Equity Derivatives and Convertibles trading, Prime Brokerage, Futures and Options, Capital Markets syndication and Equities Research
    • Managing team of Equities business managers in HK, Japan, Australia, Korea and India
  • Other:
    • Contribute to Asia IB and global Equities business agendas
    • Represent the business at the Location Operating Committee & ¼ ly Board meetings of the Directors of the Legal Entities. Potential Directorships for Equities dominated subsidiary entities
    • Coordinate & chair quarterly BCC meetings and other reviews
    • Contribute to F&BM annual objectives and agenda
    • Promote IB values and culture
    • Deliver town halls, teach ins, internal communication forums
    • Leadership profile means mentoring, coaching and developing junior staff across any functional group is expected
Business Management, Middle Office, Finance and/or Equities Brokerage experience preferred, however, solid experience from one or a number of the following businesses is acceptable:
•           Capital markets
•           Trading business environment
•           A private equity / hedge fund
•           The investment arm of a financial institution
Knowledge could include but not be limited to:
•           Operations and general administration experience on a regional or global level
•           Understanding of front-to-back best practices for Cash Equities, Prime Brokerage and Equity Derivatives (both listed and OTC)
•           Knowledge in information technology within financial institutions and experience in planning and building efficient systems
•           Understanding of legal and compliance requirements for financial institutions
•           Excellent communication skills with strong English fluency (written and spoken)
Leadership & Management:
•           Demonstrated credibility in managing a business or business function, especially in gaining management and peers buy -in
•           Ability to work with details while not sacrificing the overall business big picture
•           Ability to identify and implement best-practices operations
•           Strategic with good business acumen
•           Culturally sensitive with the ability to work effectively among different countries and regions
•           Team orientated, with the ability to fit into a small, focused and highly successful management team
•           Hands-on and entrepreneurial who enjoys building businesses
•           Self-motivated, tenacious and able to work with high degree of independence
•           Energetic and dynamic in style
•           Passion in striving for business excellence
•           High ethical standards
•           Solid control mindset
•           Strong partnership with all functional groups and support functions
Req #: 160029283
Location: Hong Kong, HK
Job Category: Accounting/Finance/Audit/Risk
Employment Type: Full Time
Potential Referral Amount: Hong Kong Dollar (HKD)

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